The video below is part of The Motley Fool's "11 O'Clock Stock" series, where we're recommending a new stock every weekday at 11 a.m. ET on for 50 weekdays. To see a video of co-founder Tom Gardner explaining the series, click here. To see our original recommendation of Interactive Brokers (Nasdaq: IBKR)click here

In the video below, Motley Fool Stock Advisor associate advisor Alex Scherer explains why he thinks Interactive Brokers deserves a place in your portfolio. While Interactive Brokers goes head to head with a litany of brokerage services that includes E*TRADE (Nasdaq: ETFC), optionsExpress (Nasdaq: OXPS), and Charles Schwab (NYSE: SCHW), Scherer likes the niche the company targets. Specifically, while it has fewer trading accounts, Interactive Brokers has users who trade far more than other services, which delivers margins competitors can't touch.

To see Alex Scherer's full thoughts on Interactive Brokers, click on the video below.

Alex Scherer owns no companies listed above. Interactive Brokers Group, optionsXpress Holdings, and Charles Schwab are Motley Fool Stock Advisor recommendations. The Fool owns shares of Interactive Brokers Group. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.